LAGOS DECEMBER 26TH (NEWSRANGERS)-Shipping mogul Maersk is preparing to restart operations in the Red Sea, following a brief hiatus, citing that the US-led multinational naval operation Operation Prosperity Guardian (OPG) has been set up to protect shipping from attacks by Houthi rebels in the region. Maersk said in a statement Sunday, “With the OPG initiative in operation, we are…
LAGOS DECEMBER 22ND (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has lifted its two-year-old ban on cryptocurrency, replacing it with a comprehensive regulatory framework aimed at harnessing its potential while mitigating risks. The policy shift was announced on Friday in a circular signed by CBN Director of Financial Policy and Regulation, Haruna Mustapha. The full statement…
LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…
LAGOS DECEMBER 19TH (NEWSRANGERS)-The rate of inflation in Canada unexpectedly remained stuck at 3.1% last month, giving the central bank another reason to keep its policy rate at the highest level in two decades. The consumer price index rose by 3.1% in November from a year ago, matching the increase a month earlier, Statistics Canada…
LAGOS DECEMBER 17TH (NEWSRANGERS)-The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation. Statement signed by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd. Made available to NewsRangers said the Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award…
LAGOS DECEMBER 11TH (NEWSRANGERS)-Multichoice Nigeria operators of DStv and GOtv have announced a second price increase for its packages this year, with hikes of at least 19% across all bouquets. The new prices took effect from November 6, 2023, just five months after its last price upward review. Multichoice, in a statement to its subscribers, blamed…
By Chukwudi Iwuchukwu LAGOS DECEMBER 11TH (NEWSRANGERS)-At the last count, five multinationals have closed shop and left Nigeria this year alone. They include Unilever, GSK, P&G, Sanofi, and Equinor. Unilever Nigeria exited its home care and skin cleansing categories in Nigeria. Equinox, a Norwegian oil and gas company, sold its oil and gas assets, including…
LAGOS DECEMBER 8TH (NEWSRANGERS)-On June 18, Solomon James, a point-of-sale operator in Kaduna State, was going about his daily activities when his phone kept screaming a series of debit alerts that would later amount to N1 million. James told FIJ that after many failed attempts to stop the continual unauthorised transaction, a strange caller who…
